ALL YOU NEED TO KNOW HOW TO BUY A PROPERTY İN GREECE …..
In Greece, properties have two values
a) name values which are the objective property value Tax Assessed Value – this is the official value , the values set by the government
b) the actual sales value – in other words is the market price
The value of a property is determined by the local Tax Office for the property to be transferred according to some parameters ( area,region,the age of the building,squaremeters etc.)
It is also called objective property value or objective value or Tax Assessed Value and it is determined by relevant legislation.
The sales value is the actual price of the transaction.
It is the one that the buyer will have pay to the seller.
All the fees and payments of the taxes are based on the higher value either is Tax Assessed Value or the actual sales value .